Reports and Data's Global Watch Market research report is an in-depth investigation that provides an industry-wide overview of existing and emerging growth patterns, end-user analysis, and other key data that has been tested and validated by industry experts and professionals. The report examines the market in terms of importance, share, size, demand and supply, patterns, competitive landscape, industrial chain analysis, and other important factors. The report also provides a detailed outlook for the industry's driving and restraining forces, as well as micro and macroeconomic factors that are expected to influence its development.

The global watch market size was USD 62.11 billion in 2020 and is expected to register a CAGR of 4.0% during the forecast period. Market revenue growth is primarily driven by factors such as rise in disposable income among the working population and launch of new and more innovative products with more advanced features and functionalities. Rising demand for aesthetically appealing advanced products, which could enhance consumer experience is another factor expected to boost revenue growth of the market during the forecast period.

 

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Companies Profiled in the Market Study:

The global watch market is moderately fragmented with a number of key players operating on global and regional levels. Key players are engaged in product development and strategic alliances to expand their respective product portfolio and gain a robust footing in the global market. Major players in the market include Rolex SA, Casio Computer Co., Ltd., Fossil Group, Inc., Citizen Watch Co., Ltd., Titan Company Limited, Apple Inc., Seiko Holdings Corporation, The Swatch Group Ltd., Samsung Electronics Co., Ltd., and Movado.

Rising health concerns among consumers is a key factor driving increasing demand for fitness watches in recent years. These devices are highly accurate and are the most widely available health and body monitoring devices. Fitness watches help in tracking number of steps taken, calories burned, distance traveled, workout-related aspects and details, sleep pattern monitoring, and heartrate, among others. New and more advanced fitness watches and devices incorporate features such as heart rate and blood oxygen sensors, which help in detecting early signs of respiratory conditions and of potential diseases. Increasing number of working individuals making time for fitness, sports, and recreational activities in their spare time is also supporting market growth.

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By Product

  • Luxury Watches

  • Smart Watches

  • Fitness Watches

  • Others

Distribution Outlook:

  • Online

  • Multi Brand store

  • Hypermarket / Supermarket

Key Regional Markets Covered in the Report:

  • North America (U.S.A., Canada, Mexico)
  • Europe (Italy, U.K., Germany, France, Rest of Europe)
  • Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
  • Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

The Watch market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Watch market.

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Frequently Asked Questions Addressed in the Report:

  • What is the estimated market revenue growth over the forecast period?
  • What are the major factors driving the global Watch market revenue growth?
  • Which regional market is expected to account for the largest revenue share in the global Watch market over the forecast years?
  • Which are the leading players in the global Watch market?
  • What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?

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